H.R. 4486 · 111th Congress · 2009–2010
To amend the Internal Revenue Code of 1986 to treat distributions of debt securities in a tax free spin-off transaction in the same manner as distributions of cash or other property.
H.R. 4486 in the 111th Congress (2009–2010) was introduced on Jan 21, 2010, sponsored by Paul Hodes with 28 co-sponsors.
During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jan 21, 2010
- Co-sponsors
- 28
- Policy area
- Taxation
What it does
Amends the Internal Revenue Code to treat securities and nonqualified preferred stock paid to a parent corporation by a subsidiary in a corporate reorganization as cash payments, thus subjecting the gain attributable to such payments to tax.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Paul Hodes (D-NH). Co-sponsors: 28 Democrats.
Where it stands
- IntroducedJan 21, 2010
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jan 21, 2010)
Other Taxation bills in the 111th Congress
- H.R. 4462: To accelerate the income tax benefits for charitable cash contributions for the relief of victims…
- H.R. 4887: TRICARE Affirmation Act
- H.R. 5623: Homebuyer Assistance and Improvement Act of 2010
- H.R. 4213: Unemployment Compensation Extension Act of 2010
- H.R. 1586: Aviation Safety and Investment Act of 2010
- H.R. 5552: Firearms Excise Tax Improvement Act of 2010
- H.R. 4783: Claims Resolution Act of 2010
- H.R. 4994: Medicare and Medicaid Extenders Act of 2010
- H.R. 4337: Regulated Investment Company Modernization Act of 2010
- H.R. 5901: Real Estate Jobs and Investment Act of 2010
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 4486 (111th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/111-hr-4486/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).